1550 Montauk Hwy - Apartments FOR SALE


Mastic, NY 11950
$2,200,000 USD
212-430-5196
1550 Montauk Hwy, Mastic, NY for Sale
$2,200,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1550 Montauk Hwy
Mastic, NY 11950


HIGHLIGHTS

  • 8-unit property features a diverse mix of units: two 1-bedroom/1-bathroom, five 2-bedroom/1-bathroom, and one 3-bedroom/1-bathroom apartments.
  • Situated on a 0.23-acre lot and includes a rear parking lot for tenant convenience.
  • Includes an 80x100 lot in the rear, offering significant potential for future development.

OVERVIEW

The Tuccillo Group of Marcus & Millichap is proud to present 1550 Montauk Highway, Mastic NY. This 8-unit multifamily property features a diverse mix of units: two 1-bedroom/1-bathroom, five 2-bedroom/1-bathroom, and one 3-bedroom/1-bathroom apartments. The building is situated on a 0.23-acre lot and includes a rear parking lot for tenant convenience. Tenants are responsible for their own heat and electricity. Additionally, the property includes an 80x100 lot in the rear, offering significant potential for future development. Strategically located near the retail corridor of Mastic-Shirley, the property provides easy access to public transportation, shopping, entertainment, and recreational destinations such as Smith Point Park & Beach and Brookhaven Airport. The upcoming Forge River Watershed Sewer Project will further enhance the property's value by introducing a modern sewer system, making it an even more attractive investment. Reach out to learn more about this opportunity.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

0200-824-00-09-00-004-002

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.